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| Global Middle East Conveyor Belts Market Growth |
Conveyor belts are integral components used in various industrial and logistic
operations for transportation of materials over short or long distances. They
find widespread applications in industries such as food & beverages,
mining, airport baggage handling, and distribution centers owing to their
advantages such as flexibility of design, continuous movement, low maintenance,
and efficient handling of varied loads. The growing industrial and
infrastructure development activities in the Middle East are driving the demand
for conveyor belts in the region.
The global
Middle East Conveyor Belts Market is estimated to be valued at US$ 214680.93 Mn in 2023 and is
expected to exhibit a CAGR of 4.2% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The rapid pace of industrialization and urbanization in the Middle East
countries such as Saudi Arabia, UAE, and Qatar has augmented the growth of the
conveyor belts market in the region. There has been substantial investment in
manufacturing, logistics, and airports construction which has fueled the
adoption of conveyor belts for transportation and handling of materials.
Furthermore, ongoing infrastructure projects such as expansion of metro
networks and construction of smart cities are expected to generate significant
opportunities for conveyor belt manufacturers over the coming years. Modern
conveyor belts featuring lower noise, reduced tension variation along the belt,
and auto-lubrication are also gaining traction among end-users in the Middle
East conveyor belts market.
Segment Analysis
The global middle east conveyor belts market is dominated by the mining
sub-segment. The mining industry in the Middle East region is witnessing steady
growth owing to increasing investments in greenfield and brownfield mining
projects. Mining operations require conveyor belts to transport materials over
long distances within mines in large volumes. Thus, the demand for conveyor
belts is consistently high from the mining industry in the Middle East.
Key Takeaways
The Global
Middle East Conveyor Belts Market Growth is expected to witness high
growth over the forecast period of 2023 to 2030. Advances in mining and
manufacturing activities across the region are fueling the demand for conveyor
belts.
Regional analysis
The GCC countries in the Middle East region dominate the conveyor belts market
owing to robust economic growth over the past few decades. Countries such as
Saudi Arabia and UAE have witnessed significant investments in mining and
infrastructure development projects. This has boosted the sales of conveyor
belts. Moreover, initiatives such as Vision 2030 by the Saudi government aim to
diversify the economy by focusing on industries such as mining and
manufacturing which will further propel the conveyor belts market in GCC.
Key players
Key players operating in the middle east conveyor belts market are Al Kuwaiti
Industrial Solutions, Ziligen A.S., Arabian Universal, Semperit AG Holding,
Bridgestone Corporation, Schieffer Magam Industries Ltd., ContiTech AG
(Continental AG), Phoenix Conveyor Belt Systems Gmbh, Derby Conveyor Belt
Industry and Trade Inc., Kale Conveyor, FaBa Commercial Services, and Fenner
Dunlop Conveyor Belting. These players focus on expanding their manufacturing
facilities as well as strengthening distribution networks to leverage
opportunities in the growing Middle East market.
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